SiteMinder reiterates guidance as annual recurring revenue outstrips forecasts
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The news: Hotel commerce platform SiteMinder reiterated its full-year outlook, reporting continued growth in annual recurring revenue (ARR) at the start of fiscal 2026.
The numbers: SiteMinder said ARR growth of 27.2% is tracking in line with the rate achieved in FY25. The company reaffirmed FY26 guidance of "strong ARR and revenue growth".
E&P analyst Annabel Khun said this is "well ahead" of consensus forecasts, which had ARR growing at 20% from $273 million in FY25 to $327.8 million in FY26.
What they said: "While there is not a whole lot of new detail in the announcement, we believe the stock will receive strong support today for this positive trading update," said Khun.
The source: ASX
